AuRico Metals Announces Filing of Updated NI 43-101 Technical Report
for Kemess Underground Project and Kemess East Project, British Columbia
July 14, 2017
Download this Press Release (PDF 170 KB)
TORONTO, July 14, 2017 /CNW/ - AuRico Metals Inc. (TSX: AMI) ("AuRico"
or the "Company") is pleased to announce it has filed on SEDAR
(www.sedar.com) an updated National Instrument 43-101 ("NI 43-101")
Technical Report for the Kemess Underground Project and Kemess East
Project, located on the Company's 100%-owned property in British
Columbia, Canada. http://www.auricometals.ca/investor-information/recent-press-releases/press-release-details/2017/AuRico-Metals-Announces-Filing-of-Updated-NI-43-101-Technical-Report-for-Kemess-Underground-Project-and-Kemess-East-Project-British-Columbia/default.aspx AuRico Metals Closes Flow-Through Private Placement Financing
June 29, 2017
Download this Press Release (PDF 245 KB)
/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES/
TORONTO, June 29, 2017 /CNW/ -
AuRico Metals Inc. (TSX: AMI) ("AuRico" or the "Company") is pleased to announce the closing of the private placement financing announced on June 6, 2017.
Pursuant to the financing, AuRico has issued 3,401,361 flow-through common shares of the Company (the "Shares") at a price of C$1.47 per Share for gross proceeds of C$5,000,000 (the "Offering").
Red Cloud Klondike Strike Inc. and Laurentian Bank Securities Inc. co-led the syndicate of agents, which included Macquarie Capital Markets Canada Ltd. and Paradigm Capital Inc.
As part of the Offering, Alamos Gold Inc. exercised its participation right to maintain its proportionate ownership interest in the Company.
An amount equal to the gross proceeds of the Offering will be used by the Company to incur "Canadian exploration expenses" (as defined under the Income Tax Act (Canada)) at the Company's Kemess East Project located in British Columbia, Canada and will be renounced by the Company in favour of the purchasers of the Shares with an effective date of no later than December 31, 2017.
All of the securities sold pursuant to the Offering are subject to a four month hold period which will expire four months and one day from the date hereof.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
About AuRico Metals
AuRico Metals is a mining development and royalty company with a 100% interest in the Kemess property in British Columbia, Canada.
The Kemess property hosts the feasibility-stage Kemess Underground Gold-Copper Project, the Kemess East Project, and the infrastructure pertaining to the past producing Kemess South mine.
AuRico's royalty portfolio includes a 1.5% NSR royalty on the Young-Davidson Gold Mine and a 2% NSR royalty on the Fosterville Gold Mine, as well as a portfolio of additional producing and pre-production royalty assets located in North America and Australia. http://www.auricometals.ca/investor-information/recent-press-releases/press-release-details/2017/AuRico-Metals-Closes-Flow-Through-Private-Placement-Financing/default.aspx AuRico Metals Inc. (AMI:TSX); the company has royalties on the Fosterville
deposit, which Kirkland Lake Gold Inc. (KL:TSX; KLGDF:OTCQX) owns in
Fosterville has just been knocking it out of the park with some great
resource additions at higher grades.
AuRico is benefitting from that.
But it also has the Kemess development project, which was the original
Northgate Minerals Corp. (NGX:TSX, NGX:NYSE.MKT) Kemess mine.
All the infrastructure is there;
it's been on care and maintenance.
It may be now that that deposit is going to become economic again at the
metal prices that we're seeing today.
AuRico has an opportunity to redevelop it.
It's been adding to its team.
AuRico may end up being a royalty company.
It may end up being a development company.
It may end up having a partner come in.
There's more than one way that it can make some money and create
some wealth with its asset base.
I'm very positive on AuRico Metals, too. http://www.auricometals.ca/investor-information/recent-press-releases/press-release-details/2017/AuRico-Metals-Announces-Positive-Preliminary-Economic-Assessment-for-Kemess-East-Gold---Copper-Project/default.aspx http://www.auricometals.ca/kemess/kemess-east/default.aspx http://www.auricometals.ca/kemess/kemess-underground-project/default.aspx
Aurico Metal Inc. (AMI)' - http://www.auricometals.ca/investor-information/recent-press-releases/default.aspx http://www.auricometals.ca/investor-information/recent-press-releases/press-release-details/2017/AuRico-Metals-Provides-Corporate-Update/default.aspx http://www.auricometals.ca/investor-information/events-and-presentations/default.aspx http://www.auricometals.ca/home/default.aspx
- God Bless -